MD HB489 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 24 2020 - 25% progression, died in committee
Action: 2020-01-28 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 24 2020 - 25% progression, died in committee
Action: 2020-01-28 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing certain business entities a credit against the State income tax for the cost of hiring student employees who attend a high school at which at least 80% of the registered students are eligible for the federal free or reduced price meal program and who work for the business entity for at least 3 months and at least 20 hours each week during the employment period; providing that the credit may not exceed $5,000 for any taxable year; applying the Act to all taxable years beginning after December 31, 2019; etc.
Title
Income Tax Credit - Student Employees
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-28 | House | Hearing 2/20 at 1:00 p.m. |
2020-01-24 | House | First Reading Ways and Means |
Subjects
Commerce and Business
Income Tax
Nonprofit Organizations
Records
Students
Tax Credits
Taxes - Income
Time
Work, Labor and Employment
Income Tax
Nonprofit Organizations
Records
Students
Tax Credits
Taxes - Income
Time
Work, Labor and Employment
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 751 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0489?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb0489f.pdf |